Duke Energy 2006 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2006 Duke Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

CONSOLIDATED BALANCE SHEETS
DUKE ENERGY 2006 SUMMARY ANNUAL REPORT 31
December 31,
(In millions, except per-share amounts) 2006 2005
ASSETS
Current Assets
Cash and cash equivalents $ 948 $ 511
Short-term investments 1,514 632
Receivables (net of allowance for doubtful accounts of $94 at December 31, 2006
and $127 at December 31, 2005) 2,256 2,580
Inventory 1,358 863
Assets held for sale 28 1,528
Unrealized gains on mark-to-market and hedging transactions 107 87
Other 729 1,756
Total current assets 6,940 7,957
Investments and Other Assets
Investments in unconsolidated affiliates 2,305 1,933
Nuclear decommissioning trust funds 1,775 1,504
Goodwill 8,175 3,775
Intangibles, net 905 65
Notes receivable 224 138
Unrealized gains on mark-to-market and hedging transactions 248 62
Assets held for sale 134 3,597
Investments in residential, commercial and multi-family real estate
(net of accumulated depreciation of $17 at December 31, 2005) — 1,281
Other 2,304 2,678
Total investments and other assets 16,070 15,033
Property, Plant and Equipment
Cost 58,330 40,823
Less accumulated depreciation and amortization 16,883 11,623
Net property, plant and equipment 41,447 29,200
Regulatory Assets and Deferred Debits
Deferred debt expense 320 269
Regulatory assets related to income taxes 1,361 1,338
Other 2,562 926
Total regulatory assets and deferred debits 4,243 2,533
Total Assets $68,700 $54,723
LIABILITIES AND COMMON STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable $ 1,686 $ 2,431
Notes payable and commercial paper 450 83
Taxes accrued 434 327
Interest accrued 302 230
Liabilities associated with assets held for sale 26 1,488
Current maturities of long-term debt 1,605 1,400
Unrealized losses on mark-to-market and hedging transactions 134 204
Other 1,976 2,255
Total current liabilities 6,613 8,418
Long-term Debt 18,118 14,547
Deferred Credits and Other Liabilities
Deferred income taxes 7,003 5,253
Investment tax credit 175 144
Unrealized losses on mark-to-market and hedging transactions 238 10
Liabilities associated with assets held for sale 18 2,085
Asset retirement obligations 2,301 2,058
Other 7,327 5,020
Total deferred credits and other liabilities 17,062 14,570
Commitments and Contingencies
Minority Interests 805 749
Common Stockholders’ Equity
Common stock, $0.001 par value, 2 billion shares authorized; 1,257 million and zero shares outstanding
at December 31, 2006 and December 31, 2005, respectively 1 —
Common stock, no par, 2 billion shares authorized; zero and 928 million shares outstanding
at December 31, 2006 and December 31, 2005, respectively — 10,446
Additional paid-in capital 19,854 —
Retained earnings 5,652 5,277
Accumulated other comprehensive income 595 716
Total common stockholders’ equity 26,102 16,439
Total Liabilities and Common Stockholders’ Equity $68,700 $54,723
See Notes to Consolidated Financial Statements in Duke Energy’s 2006 Form 10-K.